If a corporate manager makes a decision that results in personal financial benefit while the company's owners lose financially, this is an ethical issue related to

A set of formalized rules and standards that describe what a company expects of its employees is called a(n)

It is likely Sedgewick's turning point to begin taking his work seriously was Mr. Hundert's belief in him; whereas, the turning point back towards disrespect was when Mr. Hundert did not expose Sedgewick's cheating because of his father's position.